U.S Core PCE Price Index (MoM)
USCPCEPIMM
Core PCE prices in the US, which exclude food and energy,
rose by 0.2% from the previous month in December of 2023, aligned with market estimates, and picking up slightly from the 0.1% increase in November.
From the previous year,
Core PCE prices edged 2.9% higher,
undershooting market estimates of 3% to mark the lowest reading since February 2021.
The data extended the disinflation trend in prices measured by the Federal Reserve’s preferred gauge, consistent with previous signals of rate cuts to be delivered this year. Regarding the whole national PCE that includes energy and food, prices rose by 0.2% from the prior month and 2.6% from the prior year, consistent with expectations.
Prices for goods rose by less than 0.1% from 2022, while those for services remained elevated at 3.9%.
source: U.S. Bureau of Economic Analysis
Comment:
USCPCEPIMM
Core PCE prices in the United States, which exclude food and energy,
rose by 0.3% from the previous month in February of 2024, extending the upwardly revised, one-year high increase of 0.5% in January, and consistent with market expectations.
From the previous year, core PCE prices rose by 2.8%, easing slightly from the upwardly revised 2.9% increase in January.
source: U.S. Bureau of Economic Analysis
USCPCEPIMM
rose by 0.3% from the previous month in February of 2024, extending the upwardly revised, one-year high increase of 0.5% in January, and consistent with market expectations.
From the previous year, core PCE prices rose by 2.8%, easing slightly from the upwardly revised 2.9% increase in January.
source: U.S. Bureau of Economic Analysis
Comment:
USCPCEPIMM
Core PCE prices in the United States, which exclude food and energy, rose by 0.3% from the previous month in March of 2024, in line with market expectations, to extend the similar-paced increase from February. From the previous year, core PCE prices rose by 2.8% in March, the same as the earlier month. source: U.S. Bureau of Economic Analysis
USCPCEPIMM
Core PCE prices in the United States, which exclude food and energy, rose by 0.3% from the previous month in March of 2024, in line with market expectations, to extend the similar-paced increase from February. From the previous year, core PCE prices rose by 2.8% in March, the same as the earlier month. source: U.S. Bureau of Economic Analysis
Core PCE prices in the US, which exclude food and energy, increased by 0.4% from the previous month in January 2024, the most since February 2023 and in line with market expectations.
It follows a downwardly revised 0.1 percent increase in December.
Core PCE prices rose by 2.8% from the previous year, the least since March 2021 and slowing from 2.9% in December.
source: U.S. Bureau of Economic Analysis